TSX:PSD
CALGARY, March 5 /CNW/ - Pulse Data Inc. ("Pulse" or the "Company") announces that it has initiated a process to evaluate strategic alternatives for its LiDAR business segment, which operates under the name of Terrapoint. Ken MacDonald, President and CEO of Pulse stated, "While Terrapoint is a world leader in the field of LiDAR technology, our management and board have concluded that this business is not strategic to Pulse. Our objective is to allow Pulse to focus on its core seismic business and to find a solution for Terrapoint that will allow it to accelerate development of its LiDAR solutions, products and technologies on a worldwide basis."
Pulse is a Calgary-based company with two operating units: Pulse Seismic which specializes in acquiring, marketing and licensing seismic data to the western Canadian energy sector, and Terrapoint which focuses on acquisitions and processing of digital elevation and image data (also referred to as LiDAR) to diverse markets. Through these two operating units, Pulse Seismic and Terrapoint, the Company has evolved into an industry leader providing Better Information Faster(TM).
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Certain information contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Investors are encouraged to review the "Risk Factors" section of the Management's Discussion and Analysis in the Company's most recent Annual Report and interim reports for a discussion of risks that could affect the Company's operations and financial results. Forward-looking statements are based upon management's assumptions, expectations and estimates at the time that such statements are made. Pulse does not update forward-looking statements should circumstances change or management's assumptions, expectations or estimates change, except as required by law.